Common-Sense Campaign Finance Reform Act of 1997

To amend the Federal Election Campaign Act of 1971 to require candidates for election for the House of Representatives or the Senate to raise at least 65 percent of their contributions from individuals residing in the district or State involved, to limit the amount of contributions such candidates may accept from multicandidate political committees, and to prohibit individuals who are ineligible to register to vote in Federal elections from making contributions to candidates or political parties.